The Wisdom Wall
9 quotable lessons, heuristics and mental models. Every one is playable at the moment it was said. No fortune cookies allowed.
“There's a lot of interest from the banks to think about ways to use blockchains, uh, to create essentially marketplaces there, you know, maybe permissioned marketplaces where only kind of certain participants can participate. For them, the benefit is, you know, why haven't they created a network, like a marketplace…”
“If AI, you know, is solving all the problems in the world that, that they need more intelligence, right? Blockchains try to solve the problems in the world that need more coordination or more, you know, kind of collective, um, uh, collective action, getting a bunch of, you know, blockchains are fundamentally social…”
“we think that the way you really build industries is legislation. If you think back to the internet, that was built on really on the 96 telecom act.”
“we think that the way you really build industries is legislation. If you think back to the internet, that was built on really on the 96 telecom act. If, you know, and had things like section two 30, which, you know, you may know is now a contentious issue had section two. I like to say section two 30 had been, uh, you…”
“I think that's one broader way to think of blockchains is like, it's, it's like if AI, you know, is solving all the problems in the world that, that they need more intelligence, right? Blockchains try to solve the problems in the world that need more coordination, right? Or more, you know, kind of collective, um, uh,…”
“Like a lot of, a lot of venture capital and startups is, is vibe based, right? Is qualitative.”
“investing is a, uh, uh, emotional test disguised as an intellectual test. Meaning one of the things I've learned over the years is just like sticking with it in venture capital, whether it's crypto sort of more extreme, I think it's true of public markets. If you read like Howard Marks and Warren Buffett, But it's…”
“I sort of like to distinguish technologies between what I call inside out and outside in. And some inside out of things that sort of start with established institutions, like AI to some extent is like that, you know, the iPhone was like this. It came out of Apple, a very established institution. AI came out of, you…”
“The point is not for like decentralization and kind of this new architecture of blockchains for its own sake. The point is they have specific benefits. So like, why, why would one build on a blockchain like Ethereum or Solana as opposed to a traditional, You know, um, on AWS, like a traditional architecture. And the…”